NanoXplore Inc
TSX:GRA
NanoXplore Inc
NanoXplore, Inc. engages in the manufacturing and supplying of graphene powder for use in industrial markets. The company is headquartered in Montreal, Quebec and currently employs 376 full-time employees. The firm provides graphene enabled plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The firm has two business groups, which include Carbon Technology and Composites. Its Carbon Technology group interacts with customers and compounders that use graphene powder or need assistance in mixing graphene with plastics. Its Composite Group is focused on plastic forming within various sectors.
NanoXplore, Inc. engages in the manufacturing and supplying of graphene powder for use in industrial markets. The company is headquartered in Montreal, Quebec and currently employs 376 full-time employees. The firm provides graphene enabled plastic and composite products to various customers in transportation, packaging, electronics and other industrial sectors. The firm has two business groups, which include Carbon Technology and Composites. Its Carbon Technology group interacts with customers and compounders that use graphene powder or need assistance in mixing graphene with plastics. Its Composite Group is focused on plastic forming within various sectors.
Revenue Decline: Q2 revenue was $27.6 million, down 17% year-over-year due to lower volume from the company’s two largest customers and reduced tooling revenue.
Margin Resilience: Adjusted gross margin increased slightly to 21.5% despite lower revenue, helped by higher-margin powder sales and the Club Car program.
CapEx & Investment Discipline: NanoXplore decided not to proceed with the $100 million CSPG project, citing geopolitical risks and prolonged qualification cycles, reducing future capital needs.
Growth Projects: The first commercial dry process graphene module is on track for April launch, expected to add 500–1,000 tons of annual capacity and expand addressable markets.
New Contracts: Secured a new Volvo Trucks contract worth CAD 9–10 million annually starting in 2027, incremental to previously announced contracted business.
Guidance Reaffirmed: The company maintained its fiscal 2026 revenue guidance of $115–120 million, expecting sequential quarterly growth.
CPChem Partnership: Early results from the Chevron Phillips Chemical partnership are promising, with multiple new customers now trialing NanoXplore’s products.
